Companies That Might Go Out Of Business

scotchandcigar

arrogant bastard
Feb 13, 2009
11,367
8,639
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Vacationland
I read an interesting article about a year ago, which explained why the economic recovery did not lead to a retail recovery (as one would expect); and it didn't blame it all on Amazon. It said that social media has caused a shift in priorities, for what people want to spend their money on. Less on retail, more on restaurants and vacations. Why? Because nobody posts pictures of the shoes they just bought, but people like sharing images of their meals and travels with friends.